Marketers shouldn’t expect every person who visits their company’s website to convert into a customer right away. However, marketers should also not assume that every person who leaves the website without converting is not interested in converting in the future. It’s possible for marketers to drive these customers back to their website and win them over with a little help from remarketing ads.
A remarketing campaign shows targeted ads to people who have visited your website in the past, but never converted. Here are five reasons why every business should be using remarketing ads:
MOST CUSTOMERS WILL NOT CONVERT DURING THEIR FIRST VISIT
In a perfect world, marketers would be able to convince everyone who lands on their website to convert during their first visit. But, this rarely happens. The average website visitor will need to interact with your brand multiple times before actually becoming a customer. In fact, it’s estimated that most visitors will need to interact with a brand seven or eight times before making a purchase decision.
Why does this matter? Once a potential customer leaves your website, it is up to you to bring them back. Remarketing ads can be used to target these customers and remind them of what they were looking at while on your website. If you choose not to launch these ads, customers may quickly forget about your brand.
HIGH CONVERSION RATES
The main reason brands should incorporate remarketing ads into their digital marketing plans is because of the results. Numerous case studies show that remarketing ads have higher conversion rates than traditional pay-per-click ads or display ads. Research has also shown that the conversion rate directly correlates to the number of times the user has seen the ad. The more people are exposed to an ad, the more likely they are to convert. Some studies have even found that brands can increase their conversion rate by over 200% simply by launching an effective remarketing ad campaign.
Every conversion could lead to revenue for your company, so launching one of these campaigns could significantly increase your company’s bottom line.
REMARKETING ADS ARE COST EFFICIENT
Marketers might be hesitant to incorporate remarketing ads into their promotional strategies because of the cost. But fortunately, remarketing ads are incredibly cost efficient. The exact cost of a remarketing ad will vary depending on the competitiveness within your industry. But in general, remarketing ads cost less per click than pay-per-click ads placed within search results. For example, Wordstream estimated that the average cost of a pay-per-click ad placed within the search results is $3.09 for companies in the financial industry. However, the cost-per-click of remarketing ads is about $1.00 for these companies, which shows how much more cost efficient they are than other pay-per-click ads. Based on these numbers, brands should be able to afford launching a remarketing campaign even if they have a limited marketing budget.
It’s also important to remember that brands are only charged for these ads if someone actually clicks on them. Every click sends someone back to your website, which could lead to a lucrative conversion. The people who don’t click on your ad are still being exposed to your brand’s messaging. Since you only pay when someone clicks, this means your brand is getting free exposure while also driving traffic back to your website.